Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
SkyyMarley Airlines has determined that the price elasticity of demand for two customer segments (Coach and Business Class) is -1.35 and -2.50. Based on their expectations of profitability, SkyyMarley realizes the price of a Coach seat should be $175 (one way). How much should SkyyMarley charge for a Business Class ticket? (
The relation between elasticity, P and MC when profits are maximized is
MC= P(1-1/e) where is the absolute value of elasticity of demand.
For a coach seat
MC= 175( 1-1/1.35 )= 45.37
Assuming MC is same for business class
P= MC/ (1-1/e) = 45.37 /(1-1/2.5) = 75.616-it can charge this price for business class
Q.2. (ii) A company making lamps has drawn a sample from its production line and measured the light output from each. The results, in microamps, are as follows: 9.1 9.8 9.5
what are the importances of time series
Suppose that an individual has unearned income of $V and can choose how many hours she works per week at a wage of $w per hour. Assume that she has a total of 110 hours of time to
what is difference between histogram and historigram
what is an exclusive probability
How important a role do you think IT will play in the conversion process from GAAP to IFRS? Manager 1: Earlier, we never expected the new rules to have such an impact on the
what is accounting ?
How do I calculate 50p3?
According to Thomson Financial, through January 25, 2006, the majority of companies reporting profits had beaten estimates (BusinessWeek, February 6, 2006). A sample of 162 compani
Suppose the entire cola industry produces only two colas viz., Pepsi and Coke. Given that a person last purchased Pepsi, there is 90% that his next purchase will be Pepsi. Given
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd